The tenant will pay rent starting at approximately $50 per square foot in a deal through January 2021, according to data from CompStak.

The Hartford’s space at the Stahl-owned property is part of a 94,331-square-foot sublease from JPMorgan Chase, the building’s largest tenant. The insurance giant pays in the mid-$60s per square foot in its agreement with the bank, CompStak data shows.

Approximately 25,000 square feet had been listed for sublease by Cresa, The Hartford’s representatives, but SMBC took more space than was initially available. Jane Roundell of Cresa declined to comment.

As previously reported by The Commercial Observer, financial services firm Sterne Agee signed a 9-year, 23,000-square-foot expansion at 277 Park Avenue in March. The Birmingham, Ala.-based firm now occupies 46,000 square feet on the 24th and 25th floors.

Headquartered in Tokyo, SMBC is a subsidiary of holding company Sumitomo Mitsui Financial Group and operates U.S. offices in New York, Houston, Los Angeles and San Francisco.